Question 24

The following materials standards have been established for a particular product:

Standard quantity per unit of output 8.3 grams

Standard price $19.15 per gram

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 7,500 grams

Actual cost of materials purchased $141,375

Actual materials used in production 7,100 grams

Actual output 700 units

What was the materials price variance for the month?

Question 24 options:

A)

$24,317 unfavourable.

B)

$2,250 favourable.

C)

$7,540 unfavourable.

D)

$7,660 unfavourable.